Agriculture > products
bananas, coca, citrus, sugar; fish, cultured shrimp; lumber; garments |
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Aid as % of GDP
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1.8% |
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[69th of 129]
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Definition: Economy > Aid as % of GDP |
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Debt > External
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$1,200,000,000.00 |
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[121st of 136]
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Definition: Economy > Debt > External |
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Economic freedom
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2.25 |
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[55th of 156]
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Definition: Economy > Economic freedom |
Economy > Overview
In this small, essentially private-enterprise economy, tourism is the number one foreign exchange earner followed by exports of marine products, citrus, cane sugar, bananas, and garments. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to sturdy GDP growth averaging nearly 4% in 1999-2007. Oil discoveries in 2006 bolstered the economic growth in 2006 and 2007. Major concerns continue to be the sizable trade deficit and unsustainable foreign debt. In February 2007, the government restructured nearly all of its public external commercial debt, which will reduce interest payments and relieve liquidity concerns. A key short-term objective remains the reduction of poverty with the help of international donors. |
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Definition: Economy > Economy > Overview |
Exchange rates
Belizean dollars per US dollar - 2 (2004), 2 (2003), 2 (2002), 2 (2001), 2 (2000) |
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Definition: Economy > Exchange rates |
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Exports
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$429,000,000.00 |
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[144th of 189]
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Definition: Economy > Exports |
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Exports to US
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$26,900,000.00 |
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[119th of 224]
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Definition: Economy > Exports to US |
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GDP
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$1,217,000,000.00 |
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[143rd of 203]
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Definition: Economy > GDP |
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GDP (purchasing power parity)
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$2,444,000,000.00 |
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[166th of 187]
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Definition: Economy > GDP (purchasing power parity) |
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GDP > PPP
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$1,894,000,000.00 |
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[149th of 163]
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Definition: Economy > GDP > PPP |
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GDP > Real growth rate
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2.2% |
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[162nd of 198]
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Definition: Economy > GDP > Real growth rate |
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GDP growth > annual %
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3.1 annual %
|
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[120th of 187]
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Definition: Economy > GDP growth > annual % |
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GDP per capita, PPP > current international $
|
7,108.91 PPP $
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[72nd of 169]
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Definition: Economy > GDP per capita, PPP > current international $ |
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Gross National Income
|
$727,076,000.00 |
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[142nd of 172]
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Definition: Economy > Gross National Income |
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Gross national income > constant LCU
|
1733497000 |
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|
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Definition: Economy > Gross national income > constant LCU |
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Human Development Index
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0.753 |
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[89th of 178]
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Definition: Economy > Human Development Index |
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Inflation rate (consumer prices)
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2.3% |
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[144th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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Population below poverty line
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33.5% |
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[19th of 46]
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Definition: Economy > Population below poverty line |
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Tourist arrivals
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146,000 |
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[107th of 152]
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Definition: Economy > Tourist arrivals |
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